ruth lantzke - defence housing australia (dha) - defence housing australia
DESCRIPTION
Ruth Lantzke delivered the presentation at the 2014 Building the Territory Conference. The inaugural Building the Territory Conference 2014 is an opportunity to meet with the project owners and leaders, to hear about the new opportunities and developments for the built environment in the Territory. For more information about the event, please visit: http://bit.ly/BuildingtheNT2014TRANSCRIPT
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Ruth Lantzke
Regional Director – Northern Territory
DHA in the Northern Territory
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Agenda
• Introducing Defence Housing Australia (DHA)
• Current projects - Overview
• Future projects outlook for NT
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DHA then
• DHA was established as a statutory
authority in 1988 to provide housing and
related services to ADF member and
their families
• Commenced with a portfolio of 23000
houses across Australia
• Estimated value of the portfolio was
$520 m
• Promised $750 m in funding by
Government over 10 years
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DHA journey
• Embarked on a considerable capital
works, upgrade and improvement
program
• Initiated corporate planning and
strategies to:
– pursue large residential development and
construction projects with private sector
– access commercial borrowings
– establish long-term leasing arrangements
with individual and institutional investors
• In 1992 DHA became a Government
Business Enterprise
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Sale and leaseback
• The Sale and Leaseback Program was launched in
1996 under the Defence Housing Authority brand.
• Each year DHA owned properties are sold to
investors through the Sale and Leaseback (SLB)
program.
• Other property investments can not usually match
the security of income provided by DHA
• Zero vacancy risk and guaranteed income for the
term of the lease.
• Housing provisioning model has been researched
and copied as ‘best practice’
• Defence forces in US, UK and Canada
• Government housing in NZ
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DHA sells properties to private investors
Private investor leases property back to DHA
DHA uses property to house Defence families
The model
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DHA today
• Has transformed Defence housing into a $10b+ national portfolio:
– manage over 19,000 properties Australia-wide
– manage almost 13,000 properties on behalf of private investors
– provide modern, liveable dwellings (average age = 9 years)
– have adequate private funding to maintain dwellings at the highest standards
• Is a high performing, full tax paying Government Business Enterprise
• Provides significant shareholder returns, with revenues generated
through our proven private capital raising program
• Is now also an award-winning and sustainable residential developer,
with $1.3b worth of developments underway and a further $1b+ in the
pipeline
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Defence in the Northern Territory
• 10% of the ADF is located in the
NT
– Darwin
– Katherine
– Alice Springs
– Nhulunbuy
• ADF personnel and families
– 6% NT Population
– 9% Darwin Population
– 20% Katherine Population
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DHA today in the Northern Territory
• Portfolio:
– manage over 2000 properties in Northern Territory
• Recent/Current Projects:
– Lyons Development
– Larrakeyah Re-development & Upgrades
– Breezes Muirhead Development
– Katherine Constructions & Upgrades
– Tindal Constructions & Upgrades
– Alice Springs Constructions & Upgrades
– Nhulunbuy Upgrades
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Lyons Development
• Size - 77 ha
• Completion - 2011
• Project Cost - $175m
• Total Dwellings – 700
– DHA Housing – 346
– Retail Housing -
354
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Larrakeyah Redevelopment
• Size - 7 ha
• Dwellings – 97
• Completion - 2012
• Project Cost - $63.8 m
All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the
tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.
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Larrakeyah Upgrades
• Dwellings – 48
• Estimated Completion - 2015
• Project Cost - $25 m
All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the
tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.
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Tindal Upgrades
• Dwellings – 193
• Completion – 2015
• Project Cost - $73 m
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Tindal Constructions
• Size – 17 ha
• Dwellings – 50
• Completion - 2016
• Project Cost - $89.4m
All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the
tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.
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Muirhead Development
• Size - 150 ha
• Completion - 2017
• Project Cost - $400m
• Dwellings – 1200 – DHA Housing – 330
– Retail Housing - 870
All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the
tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.
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About the ‘Breezes’ Muirhead
All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the
tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.
Awards
• Excellence Award for Housing from the Planning Institute of Australia
• Merit Award for Urban Design from the Urban Development Institute of
Australia
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About the ‘Breezes’ Muirhead
All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the
tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.
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DHA Future Projects….
• Development Projects:
– 2CRU
– Defence Stock
• DHA will continue a $300m program to upgrade and replace Defence-
owned housing on-base and off-base
• Northern Territory program (next 5 years):
**Numbers may vary due development approval processes and agreements**
Dwelling Constructions
Acquisition Retail Lot Delivery Surplus Housing
470 100 1500 570
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RAAF Base Darwin
Size – 8.7 ha
Dwellings – 80
Completion - 2016
Project Cost - $53.36 m
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2CRU
Darwin Hospital
Lyons
Muirhead
• Size – 49 ha
• Dwellings – 450
– 135 DHA lots
– 315 Retail lots
Continue to grow and develop the
Muirhead site and lot design
concept with the added
advantage of a ‘seaside’ suburb.
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Summary
DHA are a major contributor to building the Territory
• Land release to reduce housing supply issues
• Drive environmentally sustainable and cost effective housing
• Economic stimulus for NT development and construction industry
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Any questions?